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Search Results 0 to 12 of about 13 (some duplicates have been removed)
months noctober and november... the deficit, almost $300 billion, $4.8 billion a day. they had $30 billion in revenue. but the spending is up 3 times that much, $87 billion. how do woe stop the out-of- control spending? how can we get the budget deficit under control? can we do that for our children and grandchildren? >> we don't cut back on medicare and social security benefits that impact middle-class and working families. we start with the rich. that's what the voters wanted. they don't want -- middle-class families like mine, they don't want to see their taxes go up $2200 after january 1. they want to keep the tax deductions that they have and allow for people who can afford it to pay down some of this debt and deficit-- >>> trey -- [overlapping dialogue] >> eric: how do we pay this down? >> eric, what you are hearing is very unfortunate because you asked a specific question about cutting spending, democrats will not talk about it. she won't talk about it right now. -- >>> that's not my question. how do we stop the spending? >> how we stop the spenning is to over the dlif and h
. we have been talking about a snow deficit over the last several weeks. look at some of these departures ahead of the storm system. still very mild. in the 70s in little rock and the 50sin columbus ohio. behind it, much colder. >> maria, thanks. >>> coming up, our first look at the british nurse that is caught in a prank on the royal family. and prince william and kate devastated after that nurse is believed to have taken her own life. and now the not so funny prank backfiring on the pranksters. >> and the star of a wildly popular song hitting a sour note, now apologizing for comments he made about the united states just days before he is set to meet with president obama. and a new factor complicating efforts to reach a deal over the fiscal cliff. the president needs to make the next move. >> it is not going to help our economy, and it is not going to help those seeking work. i came out to put revenues on the table and to take a step toward the president to resolve this. when is he going take a step toward us? >>> welcome back and time for a quick check of the head lo
social security is not connected to the deficit. a separate program, funded separately in the own trust fund. that needs to be dealt with separately. with regard to medicare and medicaid, those programs are floating on the overall inflation rate in healthcare. what we need to do, this is a major part of the affordable healthcare act was to bend the cost curve to bridge down the inflation rate in healthcare. in fact, in the last two year years, the inflation rate in medicare has been remarkably low. much to the surprise of everybody. some in the two or 3% range. that is incredible. part of that is due to the affordable healthcare act. undoubtedly to others. with regard to the doctor payments, that is an annual problem here in washington. started back in the early 2000s. continued to be an annual problem. called the doctor fix. i guess for budgeting reasons, way back when they decided that they would only fund that increase in doctor payments for one year. then every year it comes up. every year it grows because of the general inflation in healthcare. it needs to be fixed permanently as p
rid of the debt and deficit. >> we've dug ourselves into a deep hole. when i came to washington we talked about the budget, deficit in the billions, now in the trillions of dollars. part of the problem is the numbers are large but it's a million, million dollars. the debt is $6 trillion and we're borrowing $1.1 trillion a year. the problem the president faces, even if he gets his tax increase on the rich in negotiations, and he may very well. that leaves him with a trillion dollars budget deficit. so even if we do the tax increases, mr. president, what comes next? that's where we have to start addressing the spending side. >> the conversation a lot of folks don't want to have. republicans and democrats. >> republicans don't want to cut the military, the democrats don't want to cut entitlements and there's gridlock. but we have to get serious about this. if you look at businesses, the last four or five years and households, in recession they sucked in their stomach and got rid of extraneous spending. federal spending has gone up 30 or 40% as the private sector got efficient. i belie
of congress. we're talking about the debt and deficit but the focus turned away from jobs. that's why i think the deal that is struck may not be if -- the cuts may not be effective immediately. maybe takes rates take a year to kick in because the economy is fragile. people who are out of a job don't want the economy to tank further. they want a job in 2013. congress has to be very careful to get a deal that actually doesn't put us back into recession. as you know, there's not a lot of confidence in congress so there's fear congress will mess it up. >> that's been the situation for a long time. people want to unfasten their seat belts on this. we'll keep a close eye on it. we appreciate you joining in. >> thank you. >> from down here on earth to up there in the lunar skies, marking a huge milestone in human spaceflight. can you believe it's been 40 years since we sent the last manned mission to the moon captivating a worldwide audience. neil cavuto spent the last few months meeting with heroes who rescued everything. >> america's challenge of today, forged man's destiny of tomorrow. >> you wer
at that. >> republicans frequently argue it is critical to get a handle on the nation's deficits before the u.s. becomes like greece. there a terrible economy with 26% unemployment, the highest in europe, and almost no job opportunities for young people frequently lead to riots in the streets. now here a leading democrat is suggesting cutting spending too quick -- too quickly is the real problem. >> the community is concerned about all of their as you teary too. there are many things you can do to reduce debt, but still have a a -- an aspect of the economy. >> some say europe's austerity is a drag on economic growth because it relies on taxation while failing to rein in the expansion of government. and that would seem to back up a republican theme in this fiscal cliff argument. >> if we raise taxes on the top two rates which is about a million small businesses who employ 25% of the workforce, it will cost us over 700,000 jobs and reduce economic growth and lower take home pay. that's a bad scenario. >> the lead negotiator on the republican side of the table facing mr. obama says raising
for raising revenues, cutting spending and reduce the deficit by $4 trillion over the next ten years. he said the ball is in the g.o.p.'s court. >> you have heard them for the first time i think in two decades they are willing to have revenues go up to make a balanced plan but they have to tell you what they want do on rates and revenues. >> he says there is no plan to an agreement unless they acknowledge tax rates have to go up for the wealthiest americans. >> heather: thank you very much. with less than one month to reach a deal there is new urgency to reach a deal. coming up our political panel will debate the zik go points. >> brand-new reaction today from the potential nominee of u.n. ambassador susan rice to be the next secretary of state. a senator reiterating concerns about statements she made following the benghazi attack that left four americans dead. in the meantime, clare mccaskill came to the ambassador's defense. >> she had reviewed the dpeor foer going. >> on sunday shows and went well beyond the talking points, we have decimated al-qaeda, that was nowhere on the talking points
are in a deficit situation, as people have been discussing the past several weeks so there are potential in congress for the house and senate members. >> eric: billions of dollars. of taxpayers money that goes to the u.n. ambassador bolton, thank you for your insight. >> guest: thank you, eric. >> jamie: a fox news extreme weather alert. flood in effect for the west coast. yet another storm is approaching. folks are preparing for worst. severe weather threatening to bring more rain to an area that is already been drenched. chief meteorologist rick reichmuth live from the fox news extreme weather center. if you know rick is hanging out, it must be serious. how bad? >> really bad. this is the second batch of storms they have had this month. earlier in month, a lot of areas saw ten plus inchs of rain. now we have had another series of storms last week where we have seen ten plus inches of rain. the ground is saturated. this storm is windy. windy conditions across colorado, spreading across the intermountain west. the ground is saturated, if you take that wind and we will see more trees goin
will be bad in 2013. we'll have an incres in deficit and unemployment and he will more programs and he will not put them throughoutthrough without incrising the debt ceil that is not good for anyone. it really is. >> it is it a sobering forecast. and i know that you are watch carefully. >> yes, i am. but the nice thing about this, uma, in 2014. there will be 33 senate seats up and i think the republicans are going to take control of the senate after this debacle and then we'll get good economics. >> we'll see what lies ahead. look being -- looking forward to the next election. >> we appreciate your insights. >> my pleasure,. >> art laffer is the father of supply side economics . that is it a school of thought that lower taxes spurs growth. >> and an organization that speaks of the true spirit of the season. offering young sterse encouragement and love. reverend franklin graham heads up that effort and will join us live. volunteer ship mats that are giving hurricane sandy victims a lot of hope. >> we are live in staten island. two navy ships are housing volunteers of the american red cr
to recession. that will have the worst impact on the deficit that anything will. we got to make sure that the economy continuebes to grow. that is the problem here. i know democrats have this blood lust to raise taxes on supposedly rich people, which are really small business people. but it is not going to do anything to grow the economy. here is what president obama needs. he has to make sure the economy grows. he will be a two-term jimmy carter if the economy goes back in recession and we can't pull ourselves out of this thing. >> eric: i heard you laugh, martin on the "two-term jimmy carter" line. >> he doesn't want to be a two-term george w. bush that took us in a steep recession. >> hey, you are the one with the bush tax cut. >> this can be worked out. everybody knows that. you can raise rates a point or two, that is not going to be end of the world. republicans understand that. let's get through with the fear we have had a couple of weeks of theater and let's get down to serious negotiations. i don't think the republicans want to fight to the death to protect tax breaks for the
Search Results 0 to 12 of about 13 (some duplicates have been removed)